My letter to dealers, comments wanted

mikepinkerton · 02-03-2006, 05:36 PM

Here's what I plan to start emailing to all the local dealers early next week. Let me know what you think....

---
Dear XYZ

I'm looking to buy an '06 330i this week. Over the next three days, I'll be taking bids. I understand that I will probably need to order a car, as the features I want generally aren't carried in inventory. I would rather order to get exactly what I want than buy from current stock and get it sooner.

Here is what I am looking for:

06' BMW 330i 6MT
Sparkling Graphite
Sport Package
Premium Package, black leather, poplar
Cold Weather Package
Comfort Access
Navigation/iDrive
Satellite Prep

I am looking at a sale price of $42,070 (Invoice price of $40,625, plus $750 dealer profit, plus $695 destination charge) plus tags, taxes, and title.

In addition, I am also looking to do a 36mo/10k lease with the following numbers:

money factor: .00195
residual: 65% ($29,344.25 based on MSPR of $45,145)
acquisition fee: $625
cap cost reduction: $0 down

Please consider my offer and respond as soon as you can, thank you!

eleven24 · 02-03-2006, 06:31 PM

That looks great, but where did you get the lease figures from? I believe the January rates on a 36mo/10k lease are 64% residual with a base money factor of .00225

I'd love to know if .00195 and 65% are accurate because I'll be taking delivery of my car next week and that will considerably lower my payment.

EDIT: Nevermind - I just saw the rates are different for a 330i vs 330xi. My bad.

Explorer3253 · 02-03-2006, 06:33 PM

You forgot what color interior

bsjd00 · 02-03-2006, 07:46 PM

Looks good except for "Let me know your best offer as soon as you can"...

That indicates that you don't expect them to accept your offer!

scottz5 · 02-03-2006, 07:51 PM

good luck!

Ghunger · 02-03-2006, 10:49 PM

Quote:

Originally Posted by bsjd00

Looks good except for "Let me know your best offer as soon as you can"...

That indicates that you don't expect them to accept your offer!

Maybe something like. "Please consider my offer and reply as soon as possible" or "I would appreciate a prompt response to the offer I have prepared" I agree with bsjd00 if you want to take this type of tact when trying to get offers you need to not give them any ground.

Personally, I went into the dealer and talked with the CA that had been helping me with test drives and finding cars to try out options. I let him know I wanted to deal from invoice and he let me know what kind of offers they had done in the past. I told him what price I was looking for and he countered with a compromise that was acceptable to me so he ordered the car.

Just make sure, either way, that you've done all your research so you know what a reasonable offer is for your area and go from there.

Hope this helps.

mikepinkerton · 02-04-2006, 09:26 AM

Great comments, thanks.

I also realized i forgot to be specific about 6MT

Any other feedback welcome!

-Mike

marketman · 02-04-2006, 09:36 AM

Good Job , Mike - and good luck . residual @36 mo./10k mi. is currently 62%.

mikepinkerton · 02-04-2006, 10:16 AM

Are you sure about that? the chart says 62% for 15k, add 3% for 10k.

http://www.bimmerfest.com/forums/sho...d.php?t=117858

marketman · 02-04-2006, 10:19 AM

Quote:

Originally Posted by mikepinkerton

Are you sure about that? the chart says 62% for 15k, add 3% for 10k.

http://www.bimmerfest.com/forums/sho...d.php?t=117858

Notice on the link -- those are november 2005 programs

The program I am sharing is February 2006. They were released Feb 1 2006

mikepinkerton · 02-04-2006, 10:26 AM

Oh I was told the #s weren't going to change for Feb. That really sucks. Do you have a url for that, I haven't seen any updates on the web where the new rates are posted.

That's a $40 increase in the monthly. Grrrrrr.
-Mike

marketman · 02-04-2006, 11:51 AM

check yoour PM Mikepinkerton

02-03-2006, 05:36 PM	#1
mikepinkerton Private First Class 7 Rep 196 Posts Drives: '06 330i Join Date: Jun 2005 Location: Northern VA iTrader: (0)	My letter to dealers, comments wanted Here's what I plan to start emailing to all the local dealers early next week. Let me know what you think.... --- Dear XYZ I'm looking to buy an '06 330i this week. Over the next three days, I'll be taking bids. I understand that I will probably need to order a car, as the features I want generally aren't carried in inventory. I would rather order to get exactly what I want than buy from current stock and get it sooner. Here is what I am looking for: 06' BMW 330i 6MT Sparkling Graphite Sport Package Premium Package, black leather, poplar Cold Weather Package Comfort Access Navigation/iDrive Satellite Prep I am looking at a sale price of $42,070 (Invoice price of $40,625, plus $750 dealer profit, plus $695 destination charge) plus tags, taxes, and title. In addition, I am also looking to do a 36mo/10k lease with the following numbers: money factor: .00195 residual: 65% ($29,344.25 based on MSPR of $45,145) acquisition fee: $625 cap cost reduction: $0 down Please consider my offer and respond as soon as you can, thank you! Last edited by mikepinkerton; 02-04-2006 at 09:30 AM..
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02-03-2006, 06:31 PM	#2
eleven24 Foppa! 30 Rep 214 Posts Drives: 2018 X5 xDrive35i Join Date: Apr 2005 Location: Furlong, PA iTrader: (0)	That looks great, but where did you get the lease figures from? I believe the January rates on a 36mo/10k lease are 64% residual with a base money factor of .00225 I'd love to know if .00195 and 65% are accurate because I'll be taking delivery of my car next week and that will considerably lower my payment. EDIT: Nevermind - I just saw the rates are different for a 330i vs 330xi. My bad. __________________ 2018 X5 xDrive35i past: 96 323ic \| 00 328i \| 06 330xi \| 11 Q5 \| 14 Touraeg \| 17 Q7 ~ 2011-2017: my era of darkness
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02-03-2006, 06:33 PM	#3
Explorer3253 Lieutenant 64 Rep 557 Posts Drives: 2014 f32 Join Date: Nov 2005 Location: Westchester County, NY iTrader: (4)	You forgot what color interior
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02-03-2006, 07:46 PM	#4
bsjd00 Lieutenant 42 Rep 407 Posts Drives: e90 Join Date: Dec 2005 Location: U.S. iTrader: (0)	Looks good except for "Let me know your best offer as soon as you can"... That indicates that you don't expect them to accept your offer!
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02-03-2006, 07:51 PM	#5
scottz5 Lieutenant Colonel 96 Rep 1,730 Posts Drives: 13 F10 535xi & 11.75 E93 M3 Join Date: May 2005 Location: Earth iTrader: (0)	good luck! __________________ 13 F10 535xi JB/B working on it 11.75 E93 M3 MR/Black Stock (wifey) 11 F10 535i AW/CB Mods Gone
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02-04-2006, 09:26 AM	#7
mikepinkerton Private First Class 7 Rep 196 Posts Drives: '06 330i Join Date: Jun 2005 Location: Northern VA iTrader: (0)	Great comments, thanks. I also realized i forgot to be specific about 6MT Any other feedback welcome! -Mike
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02-04-2006, 09:36 AM	#8
marketman Private First Class 3 Rep 153 Posts Drives: 2000 323it Join Date: Jan 2006 Location: Melbourne FL iTrader: (0)	Good Job , Mike - and good luck . residual @36 mo./10k mi. is currently 62%. __________________ Live now. THere will be plenty of time to be dead later.
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02-04-2006, 10:16 AM	#9
mikepinkerton Private First Class 7 Rep 196 Posts Drives: '06 330i Join Date: Jun 2005 Location: Northern VA iTrader: (0)	Are you sure about that? the chart says 62% for 15k, add 3% for 10k. http://www.bimmerfest.com/forums/sho...d.php?t=117858
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02-04-2006, 10:26 AM	#11
mikepinkerton Private First Class 7 Rep 196 Posts Drives: '06 330i Join Date: Jun 2005 Location: Northern VA iTrader: (0)	Oh I was told the #s weren't going to change for Feb. That really sucks. Do you have a url for that, I haven't seen any updates on the web where the new rates are posted. That's a $40 increase in the monthly. Grrrrrr. -Mike
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02-04-2006, 11:51 AM	#12
marketman Private First Class 3 Rep 153 Posts Drives: 2000 323it Join Date: Jan 2006 Location: Melbourne FL iTrader: (0)	check yoour PM Mikepinkerton __________________ Live now. THere will be plenty of time to be dead later.
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